Yorkshire chairman Colin Graves says the club must become a private structure in order to survive.
"Unfortunately, there is no doubt that without swift and decisive action, YCCC will be fighting for its survival during 2024," he said.
"The club would be better structured to be self-sustaining, still in existence, and to capture maximum value for YCCC from any processes such as The Hundred. Yorkshire's members accepted a loan offer to the debt-ridden club from Graves, who previously served as chairman and helped to save them from financial ruin in 2002.
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